Aliphatic Hydrocarbon Solvents And Thinners Market

By Type;

Varnish Makers’ & Painters’ Naphtha, Hexane, Heptane, Mineral Spirits, Gasoline, Paraffinic Solvent, Pentane, and Solvent 140

By Application;

Paints & Coatings, Cleaning, Degreasing, Aerosols & Disinfects Carrier, and Rubber & Oil Extraction

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn128798837 Published Date: August, 2025

Aliphatic Hydrocarbon Solvents & Thinners Market Overview

Aliphatic Hydrocarbon Solvents & Thinners Market (USD Million)

Aliphatic Hydrocarbon Solvents & Thinners Market was valued at USD 4,577.78 million in the year 2024. The size of this market is expected to increase to USD 6,271.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.


Aliphatic Hydrocarbon Solvents And Thinners Market

*Market size in USD million

CAGR 4.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.6 %
Market Size (2024)USD 4,577.78 Million
Market Size (2031)USD 6,271.58 Million
Market ConcentrationHigh
Report Pages399
4,577.78
2024
6,271.58
2031

Major Players

  • Mitsubishi Shoji Chemical Corporation
  • Royal Dutch Shell
  • Calumet specialty Products Partners
  • SK Global Chemical Co. Ltd
  • ExxonMobil Chemical
  • Hi Tech Chemicals
  • Kandla Energy & Chemicals Limited
  • Umwelt Chemicals
  • Merck

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Aliphatic Hydrocarbon Solvents And Thinners Market

Fragmented - Highly competitive market without dominant players


The Aliphatic Hydrocarbon Solvents and Thinners Market is expanding steadily as industries adopt these compounds for paints, coatings, adhesives, and cleaning solutions. Demand has increased by over 30%, supported by their cost-effectiveness and strong solvency power. Their ability to dissolve oils, greases, and resins makes them essential in both industrial and commercial operations.

Key Drivers of Growth
The rising use of paints and coatings accounts for nearly 40% of total solvent consumption. Expansion in infrastructure projects and automotive refinishing is further driving demand. With low toxicity and balanced evaporation rates, aliphatic solvents are increasingly chosen as safer alternatives to other chemical solvents, reinforcing their widespread adoption.

Expanding Industrial Utilization
Industries such as construction, automotive, and packaging are heavily reliant on these solvents, with approximately 35% of industrial processes depending on them for degreasing, cleaning, and surface preparation. Their affordability and consistent performance make them a preferred choice in manufacturing and processing environments where cost and efficiency are critical.

Technological Advancements Driving Adoption
Refining and processing improvements have enhanced the purity and stability of aliphatic hydrocarbon solvents. Nearly 45% of producers are investing in eco-friendly formulations, leading to low-VOC and sustainable solvent solutions. These developments ensure compliance with stricter regulations while meeting industry demand for environmentally safe options.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Aliphatic Hydrocarbon Solvents & Thinners Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing industrial activities
        2. Growth in paint industry
        3. Rising demand for cleaning products
        4. Expanding automotive sector
        5. Urbanization and infrastructure development
      2. Restraints
        1. Stringent environmental regulations
        2. Volatile raw material prices
        3. Health and safety concerns
        4. Limited availability of alternatives
        5. High production costs
      3. Opportunities
        1. Technological advancements in formulation
        2. Expansion in emerging markets
        3. Rising demand for eco-friendly solutions
        4. Growth in construction industry
        5. Innovations in solvent recycling
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Aliphatic Hydrocarbon Solvents & Thinners Market, By Type, 2021 - 2031 (USD Million)
      1. Varnish Makers’ & Painters’ Naphtha
      2. Hexane
      3. Heptane
      4. Mineral Spirits
      5. Gasoline
      6. Paraffinic Solvent
      7. Pentane
      8. Solvent 140
    2. Aliphatic Hydrocarbon Solvents & Thinners Market, By Application, 2021 - 2031 (USD Million)
      1. Paints & Coatings
      2. Cleaning
      3. Degreasing
      4. Aerosols & Disinfects Carrier
      5. Rubber & Oil Extraction
    3. Aliphatic Hydrocarbon Solvents & Thinners Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Mitsubishi Shoji Chemical Corporation
      2. Royal Dutch Shell
      3. Calumet specialty Products Partners
      4. SK Global Chemical Co. Ltd
      5. ExxonMobil Chemical
      6. Hi Tech Chemicals
      7. Kandla Energy & Chemicals Limited
      8. Umwelt Chemicals
      9. Merck
  7. Analyst Views
  8. Future Outlook of the Market